The World Trade Organisation, WTO’s General Council will hold a special meeting next Monday, February 15, at 3p.m., to consider the appointment of the next Director-General. The meeting will take place in a virtual format. Vanguard reported that of the final two candidates for the WTO top job, Yoo Myung-hee, South Korea’s Trade Minister, withdrew […]
Bitcoin hit a record high near $45,000 on Monday after Elon Musk’s electric carmaker Tesla invested $1.5 billion in the digital currency. Bitcoin hit $44,795.20 around 1325 GMT, before cooling slightly to $44,207.95. The cryptocurrency is up by around 50 per cent since the start of the year. “This is probably one of the biggest […]
The Central Bank of Nigeria has said cryptocurrencies promote illegal activities and raise risks, among other reasons. It said this on Sunday in a statement regarding various comments and reactions following its recent reminder to Deposit Money Banks to desist from transacting in /and with entities dealing in cryptocurrencies. The CBN stated , “ The […]
Facts emerged Saturday night that Friday’s circular by Central Bank of Nigeria (CBN) prohibiting commercial banks and other financial institutions from facilitating payment for cryptocurrency transactions was an immediate reaction to the hijack of a commercial bank’s data and demand for a ransom payment in bitcoins. According to a source, CBN was not against the […]
No fewer than 100 small holder poultry farmers in Ikwuano/Umuahia Federal constituency of Abia State have benefited from the collaboration between the Federal Ministry of Agriculture and Rural Development (FMARD) and the member representing Ikwuano/Umuahia federal constituency, Hon Sam Onuigbo, in empowering them to boost production and income. The collaboration yielded the distribution of about […]
Information Technology expert , Adamu Garba , says the recent policy by the Central Bank of Nigeria that Deposit Money Banks, Non -Financial Institutions and other financial institutions should not do business in crypto and other digital assets will help the Nigeria ’ s fight against terrorism. Garba , who is also former presidential aspirant, […]
Former Vice President Atiku Abubakar has advised the Federal Government to have a rethink on its directive on cryptocurrency transactions in the country. This advice, which was contained in a statement on Saturday, was in reaction to the directive of the Central Bank of Nigeria (CBN) to banks and other financial institutions to close accounts […]
Cryptocurrency trading platforms have assured Nigerian traders that their funds are safe despite the new directive from the Central Bank of Nigeria (CBN). In a circular released to deposit money banks (DMBs), non-bank financial institutions (NBFIs), and other financial institutions (OFIs) on Friday, CBN directed banks to close accounts of persons or entities involved in […]
President Joe Biden’s administration on Friday evening offered its strong support to Nigeria’s Ngozi Okonjo-Iweala to lead the World Trade Organisation (WTO), the Agence France Presse (AFP) reported. The move marks another sharp split with former president Donald Trump who paralyzed the organization and opposed the former Nigerian finance minister who was backed by many […]
Nigerians from various walks of life on Friday expressed much fury over a new circular from Central Bank of Nigeria (CBN) banning banks and other regulated financial institutions from dealing in cryptocurrencies. In the circular jointly signed by Director of Banking Supervision, Bello Hassan and Director, Payment System Management Department, Musa Jimoh, the apex bank […]
